Pension

Danish pension fund for academics divests oil and gas firms

Directors voted overwhelmingly to adopt the new investment criteria, says Katrine Ehnhuus, a board member of the Copenhagen-based fund, on LinkedIn.
P+ will no longer invest in oil and gas firms that are expanding production. | Photo: Brandon Bell/AFP/Ritzau Scanpix
P+ will no longer invest in oil and gas firms that are expanding production. | Photo: Brandon Bell/AFP/Ritzau Scanpix
By Frances Schwartzkopff / Bloomberg

The Danish pension fund for academics, P+, which manages assets totaling DKK 160bn (EUR 21.4bn), says it will no longer invest in oil and gas companies that are expanding production, joining a growing list of institutional investors tightening their climate policies.

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